Metrovacesa begins commercialisation the new residential development Agama in Tenerife

Agama 5
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7 September, 2023 · 3 mins reading time
  • Metrovacesa has begun marketing its second housing development in Santa Cruz de Tenerife, the third on the island, with an investment expected to amount to €17.1 million.


  • The new residential complex will consist of a building with 62 multi-family dwellings and large communal areas and gardens in a privileged area of Santa Cruz de Tenerife.


  • Residencial Agama will comply with the strictest sustainability requirements due to Metrovacesa’s commitment to caring for the environment.


Madrid, 07 September 2023. Metrovacesa, a real estate developer with more than 100 years of experience in Spain, has announced that it has begun marketing a new development in Santa Cruz de Tenerife consisting of 62 homes and large communal areas. An investment of €17.1 million is planned for the development of this project.

Residencial Agama is located in the commercial area of Santa Cruz de Tenerife, and has 62 multi-family units and spacious communal areas. The homes have different layouts, from one to four bedrooms, all of them with parking spaces, storage rooms and magnificent terraces. The communal areas include a roofed swimming pool for maximum solar gain, gardens and a gymnasium for residents.

Metrovacesa has developed this project with the prestigious firm Makin, Molowny & Portela, Arquitectos S.P.L. who have a solid track record in the area, visible in multiple buildings. For the future construction, noble materials of the best quality on the market will be used.

The development, Agama, will be located in a privileged area of Santa Cruz de Tenerife. Specifically, close to the César Manrique Maritime Park and the commercial area that surrounds it. This is a strategic enclave, as it offers commercial, mobility and leisure possibilities. The balance between the city and the nearby natural landscapes gives Agama great value. Metrovacesa is firmly committed to the environment, which is why Agama residential will comply with the strictest sustainability standards that the developer contemplates. It has signed up to the highest rating in Energy Consumption and Carbon Emissions metrics, with an AA rating. It is also committed to the DOMUM seal, Metrovacesa’s sustainability indicator, and to the rating of Sustainable Building by Sello Verde. With the commitment to ensure the construction of an efficient building, initiatives such as acoustic and thermal insulation, photovoltaic panels for self-consumption and the use of low-consumption lighting in communal areas, among others, will be carried out.

Strategic area for Metrovacesa

Santa Cruz de Tenerife is a strategic enclave for Metrovacesa. Residencial Agama is the first project to be approved in the city of Santa Cruz de Tenerife and the seventh to be considered on the island. The island of Tenerife has an incredible natural and scenic heritage, as well as ample possibilities in the urban area. The climate and culture make Santa Cruz de Tenerife an ideal location for different profiles and lifestyles thanks to the versatility of the city and its inhabitants.

With the commencement of the marketing of Residencial Agama, Metrovacesa now has one active development in the city of Santa Cruz de Tenerife and three on the island of Tenerife. Metrovacesa is committed to finding strategic enclaves in which to add value and offer future owners the best setting in which to create a home.